Sweet Spot

FEATURED ARTICLES ABOUT SWEET SPOT - PAGE 4

IDBI BANK CMP: RS 124.80 TARGET PRICE: RS 160 RBS Equities (India) has rated IDBI Bank a 'buy', saying it gradually appeared to be shedding the development financial institution legacy. "The largely wholesale funded bank (88% of interest bearing liabilities are term/bulk deposits and borrowings as of March 2009) appears to be in a sweet spot in the current interest rate cycle. This is a medium-term positive, but we believe the bank's focus on branch expansion and on building a retail base will gradually improve its retail deposit and overall liability mix in the long term," an RBS note to clients said.

MUMBAI: Carlyle Group, the world's second biggest buyout firm, has identified India as one of its key markets and would invest in companies across sectors, earmarking between $15-75 million for investment in each company. Carlyle successfully closed its fourth Asian growth capital fund called Carlyle Asia Growth Partners IV (CAGP IV). It raised $1.04 billion in 14 months from a broad geographical range of investors in the US, Europe and Asia despite a difficult fund-raising environment.

In a chat with ET Now, Dipan Mehta, Member, BSE and NSE, shares his views on Tata Sponge . Excerpts: ET Now: You like the numbers from Tata Sponge. It has had a fabulous week, trading at life-highs. What did you make of the numbers? Dipan Mehta: Yes, it is in sweet spot and I had seen these numbers in the past quarters also. Stock has really gone up phenomenally over the past few months or so. So I would say that although it is a bit of a cyclical business and one does not really know how sustainable such growth rates are going forward; but whatever steps the management did to rework and improve their operations, they seem to be paying off, certainly benefitting from higher prices, volume growth as well.

The three bears were lurking in the woods for a while. Still, market participants held out hope that the neither-too-hot-nor-too-cold Goldilocks economy would be able to make peace with the grisly creatures. But it's not quite playing out the fairy-tale way on the global financial marketplace. The much desired Goldilocks economy is shrivelling in front of the three bears ? the US Federal Reserve, Chinese monetary authorities and the price of oil. As a result, most equity markets across the world are trending lower.

In a chat with ET Now, Sandip Sabharwal , asksandipsabharwal.com, shares his views on media stocks . Excerpts: ET Now: What about some of the media stocks? Dish almost broke into the black. Your view on the entire DTH/distribution pocket? Sandip Sabharwal: When the distribution story started, there was a DTH space and there was a cable space. Most analysts were more bullish on cable but they should have been more bullish on DTH because that is a cleaner segment.

In a chat with ET Now, P Phani Sekhar, Fund Manager-PMS, Angel Broking shares his views on the markets. Edited Excerpts: ET Now: What do you make of this rally? P Phani Sekhar: Yes , it has. It will go a little more far. The market has lapped up all the actions that have taken place since the 17-18th of October, when the government started moving at a frantic pace on reforms front. It is now clear that the global interest rates might be status quo, and are not going in the next six months.

DELHI: November has always been flat after the festive spurt in October and this time round the activity is firmly in bike terrain. Car market leader Maruti clocked a 6% growth in its domestic market sales this November selling 43,568 units against 40,948 units for the same month last year. It's only sweet spot ? a growth of 22% with nearly 6,278 units of the Swift for which production has now been ramped up to make sure the car is available off the shelf. Mahindra & Mahindra saw a 7% fall in its utility vehicle sales this month with 8,929 units this November compared to 9,650 units last year for the same month.

Douglas Blake , Sr. Wealth Manager, Newbridge Securities Corporation , in an interview with ET Now, gives his views on global markets. Excerpts:- ET Now: Talks of the said QE3 seems like they are fading now and of course all eyes are now on the jobs report on Friday as well. Douglas Blake: Absolutely and unfortunately we would not be able to trade that report because it is Good Friday and the markets are closed. However, we will be keenly watching those numbers as well as the ADP report tomorrow morning which is going to give us idea of the private sector hiring for the month of March and these numbers have become increasingly important.

At 52, Hamish Doddsamish (Dodds), still rocks. That's because the president and CEO of Hard Rock International, is constantly travelling, scouting for locations, scaling up a business that straddles restaurants , hotels, casinos and merchandise and ensuring his brand stays as far from commoditisation as possible . Sitting at Delhi's Hard Rock Café , below a sizeable collection of Hard Rock memorabilia that includes a six-string from The Fugees, Dodds...

NEW DELHI: Bulls have clearly made their mark on Dalal Street as Sensex explored unchartered territory for a second day in a row on Friday. Analysts at top brokerage firms firmly believe that India is in a sweet spot as compared to other emerging markets largely on account of stable macros. "India is interesting and if you look at it from a global emerging market point of view, it is people's single biggest overweight," says Markus Rosgen, Asia-Pacific Equity Strategist, Citi.